The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Internet Fund III Pte Ltd
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Internet Fund III Pte Ltd, a Singapore-based entity managed by Tiger Global, has sold its entire holding of 1,93,60,832 shares (5.09% of total share capital and 4.97% of diluted share capital) in Ather Energy Limited through the open market on November 6, 2025. Prior to the sale, the fund held 5.09% in the company, and post-sale its holding stands at 0%. The acquirer is not part of the promoter/promoter group of Ather Energy. Ather Energy's total equity share capital is 38.03 crore shares and its diluted share capital is 38.98 crore shares.
This is a complete exit by a major foreign institutional investor (Tiger Global), which may be viewed negatively by the market as a significant FII stakeholder selling its entire stake could pressure the stock in the short term. However, being an open market sale, it also opens potential buying opportunity for new investors.